And people made fun of Hank Paulson for threatening with eternal damnation if congress didn't stamp his multi-trillion blank check to bail out his former co-workers from Goldman. In a step that makes the Kashkari-Paulson threat seem like amateur hour, the teleprompter just received its latest high frequency directive from the Wall Street superiors, promptly delivering the latest MAD message to what continues to be perceived as an idiot audience: "Failure by Congress to raise the U.S. debt limit "could plunge the world economy back into recession," President Barack Obama declared Friday, and he acknowledged that he must compromise on spending with Republicans who control the House to avoid such a crisis. Obama urged swift action, saying he doesn't want the United States to get close to a deadline that would destabilize financial markets. He said he was confident Congress ultimately would raise the limit. "We always have. We will do it again," said Obama, who voted against raising the debt limit as a freshman senator from Illinois."

For those keeping score of the President's numerous accolades, this merely underscores that the president is now in contention for the Nobel Prize in hypocrisy: after all compare this statement to Obama's now supremely ironic remark from March 20, 2006: "The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better." They sure do. And in order to replace the current failed leadership, they will gladly start with a new president.

"I'm the person who is best prepared for us to finish the job so that we're on track to succeed in the 21st century," Obama said. That's the heart of his argument for voters to give him a second term over more than a half dozen Republicans seeking the White House.

As the 2012 campaign gets under way, it's being shaped by a deep disagreement over federal spending in Washington between Republicans who control the House and Democrats in power in the Senate and White House. Obama and Republicans compromised a week ago on a spending bill to avert a government shutdown, a preview of the debate that's certain to dominate the coming months on deficits and the ceiling on money the nation can borrow.

The president said that he doesn't expect either side to get everything it wants in negotiations and that he's pushing for "a smart compromise that's serious."

He warned of dire consequences if the debt ceiling is not raised before it hits its limit of $14.3 trillion; the administration says the latest Congress could possibly act is by early July. But Obama said some longer-term questions about where the government trims its operations will have to be left until after the 2012 presidential election.

"I'm confident that the withdrawal will be significant," he said. "People will say this is a real process of transition, this is not just a token gesture."

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When the "Evil Tribe" is done using his ass as a patsy, they will Kenedy-ize him. It will be done by a "white racist" or "Muslim terrorist." The resulting black nationwide chimpouts will lead to a nationalized, miltarized police force and any Constitutionl rights will become "outmoded" in the new emergency. The dollar will die, Nafta currency will replace it (eventually followed by world currency) and control of North America by the ZOG elite will commence. And of course, jooz will get special treatment!

Here is what President Obama told ABC News George Stephanopoulos regarding his Senatorial vote in 2006 opposing a debt increase:

I think that it's important to understand the vantage point of a senator versus the vantage point of a ... president. When you're a senator, traditionally what's happened is, this is always a lousy vote. Nobody likes to be tagged as having increased the debt limit for the United States by a trillion dollars. ... As president, you start realizing: 'You know what? We -- we can't play around with this stuff. This is the full faith in credit of the United States.'

It appears like the FED is getting nervous and so are the Banks. The Bubbleish market will not be able to hold its gains without prompt attention to dispersing more of America's wealth to the Bankers before the Country goes bust.

To gain support, he granted bonuses to those in the military including the Praetorian Guard, city troops and the army outside Italy. He destroyed Tiberius's treason papers, declared that treason trials were a thing of the past and recalled those who had been sent into exile. He helped those who had been harmed by the Imperial tax system, banished certain sexual deviants, and put on lavish spectacles for the public, such as gladiator battles.

>>And in order to replace the current failed leadership, they will gladly start with a new president.<<

I wouldn't be so sure. Virtually all the blacks will vote for Obama as will all the progressive/socialist/neo-Marsits in the Democrat Party. That gives him 35%-40% of the vote without even campaigning.

The only question is will the independents who voted for him in 2008, many of whom almost immediately had buyer's remorse as demonstrated by the shellacking he took in the 2010 mid-terms, give him a second chance. If gas is $5/gallon and unemployment above 8%, I doubt it. But if unemployment is coming down and gas prices come back to $2-$3, then I'd bet the independents vote to re-elect him.

The world NEEDs a major recession, if not a depression. The dislocations caused by the artificial sugar-high booms created by the federal reserve, especially since the final detachment from gold in 1971, can only be healed by a long, deep recession or depression. That is the only real, natural, viable cure for the dislocations and inefficiencies caused by the elitist manipulations.

Shut down the government. Reduce the budget by $2-trillion the first year, and then cut from there. Eliminate 95% of the departments and programs administered by the federal government, including all that are unconstitutional (not explicitly permitted by the constitution).

Better yet, just terminate the federal reserve, the federal government, the world bank, the IMF, the UN, and every other meddling organization.

Obama is a stooge, the biggest liar ever, and total jerk. Dump everyone in government today, and close it down.

I am sure that the Fed is responsible for tripling the number of stars in the Universe to keep the U.S. debt/number of stars ratio within the realm of human comprehension. I say let her rip! Wouldn't want to let all that star making go to waste.

Interpreted: 'Give me and my Wal-street crack buddies another hit or we'll destroy the planet! Just one more hit. You've always said yes before!'

Congress: it's time- JUST SAY NO!

How does continuing to travel in the wrong direction get us closer to the right destination? Sorry, Mr. President, but we have to right this ship on somebody's watch. As a public, do not let the Congress do this! Call the end of the world bluff and let's work through this.

Not to worry, raising the debt ceiling is a done deal. There are 192 Democrats in the House who will do whatever Obama tells them to do. That means only 36 Republicans out of 241 need to capitulate to their Wall Street overlords and vote yes.

The only snag is if the Senate waits until the last minute to act and Rand Paul or some idiot like him decides to filibuster. At that point, one calendar day must lapse before a vote on cloture can be taken. Looks like the making of a stock market flash crash to me.

OK, we've got a bid for the debt ceiling of one quadrillion. Do I hear one quintillion? Going once, twice ... whoa, did someone just bid one centillion? Sit down and shut up Geithner!

Cancel the fraud, no need to raise the debt ceiling, although the whole 'debt ceiling' bill that was enacted a few years or decade or so ago, did set up a real stupid dog and pony show that sucks up all political action of a presidential term's worth of time over the course of a few terms.

Force us to cut for fraud, that's all it was ever for. (remember, there was no debt ceiling for the first couple of hundred years, just like there was no free trade, etc)

Debt ceiling, is the bankster's best friend. They can print around it, yet use it to cut public services. Now all they need is a debt trigger and we can 24/7/365 talk about how we can make fascist tough choices for the bankster profits.

We also didn't bend over for them as bad as we didn't now and actively screw the people 24/7 as the M.O.

...or we can just cancel the fraud via Glass-Steagall and get on to actually solving our problems so they don't smack us like we're a bird flying in front of a 747.

Debt ceiling for politicians is like high jump bar. It is a constant contest to see who can raise it higher. Despite gravity or law of interest rates and public disbelief, someone always ends up raising it higher. Obama is shooting for the gold medal in debt ceiling olympics.

it is strange how nobody mentions the inherent hypocrisy in raising the debt "limit" - as in if you can raise it, then it is not a limit. so why do they bother raising it? i assume this is the last time - so this time it really is a limit?

how can we even discuss our state of affairs - the words we use have no meaning?

"The basic idea behind Newspeak is to remove all shades of meaning from language, leaving simple dichotomies (pleasure and pain, happiness and sadness, goodthink and crimethink) which reinforce the total dominance of the State."

Given that it is clearly not a limit, a more accurate title might be debt target or debt hurdle.

Do puppett strings wear out at some point from overuse? It will be embarrassing to see him fall limp on a stage at some point when they fail.Biden will never notice,`cause he will sleep right through it all.

People, forget your political parties. Educate the poor and middle class about forced inflation (theft). Middle Class, you pay the brunt of taxes. Get enraged about a request to go further into debt! It's time to get loud, not just witty on a truth-tellers' site. Don't waste your energies on damage already done. Expend your energies on more violations of your civil rights: that is, the right to live in this civilization without being oppressed by politicians and their banker overlords!

If you are truly honest with yourself, have you no prejudices? Just wondering because I've never really met anyone that didn't, and that would make you pretty special.

That doesn't excuse the comments above, but there is reason some things are better ignored than 'preached' upon thus probably encouraging the 'self-centered, angry racists' just looking for another reason to get angry.

I have prejudices because many of them are confirmed in my day-to-day living. However, I know they are wrong. I am a failed Christian by definition. I can't change that. I encourage you to read a book like "Peace with God" by Billy Graham. A good starter book. There is no Chapter on "Passive Ignoring."

My Earthly point was that "ignoring" the hate messages is not the right strategy. It is understandable to fail all the time, but we need to recognize it.

Quick anecdote: On a flight back from Mexico recently, in the front of the bus. Stewardess asks me if I want a meal. I say no, but I would love a double tank and tonic. She says "what"?" I say "which part didn't you get?" and we both glare at each other with ill will. Then I read 75 pages of "Kings Cross" by Tim Keller and feel guilty as heck, (good book; highly recommend). So I do the hard thing: next time stew comes by I say, "I want to say I'm sorry; this book made me realize I have behaved badly; please take the book jacket and see if you like the book; later she stopped by to say thanks."

Rambling answer and off-topic; but if just one person found it valuable I would be very happy...God Bless.

not trying to destroy your faith here, but to me, knowledge of the world around us, makes us stronger and more aware. besides if you base your faith on men, you will be very sorry. anyway, this man graham is a interesting character. his organization got its start with financing by a well known satanist of his time, william randolph hearst. graham is not his real name. his name was franks but he changed it to graham. graham is a 33 degree freemason. in his early days, graham was said to have had many women while he was married to ruth. graham believes there are many ways to God. at this stage, i am afraid, that mr graham was installed , if you will, to dillute the message of Christ and to mislead and his entire organization was a controlling mechanism and a infiltration from the start. this method of preaching where these men yell and talk loudly was invented by a man named E Grandison Finney, who is said to be the father of religious brain washing. in graham's older age, in some of his interviews on national television, his true thoughts have come out on many issues, thoughts perhaps that he has not really dealved into for obvious reasons since supposedly he was a southern Baptist. just somethhing for you to chew on perhaps.

I take no offense. I am aware of at least the Freemason accusations We should always question spokespeople of Christianity. But you also need to understand that Satan is not a mythical figure. He is amongst us, trying to find our weak points to exploit. You will not find a messenger of Christ who is not under some kind of attack. I am personally comfortable that Graham's preaching is a faithful to the scripture. I love the image of a person who confronts Satan and simply says, "Jesus lives here now. Go away."

I have read your posts. You are clearly searching. I wish you the best...

Yes, God even loves you. Your trick may be to earn it. I have often found really tough guys, e.g. ex-special forces who have had to kill up close and personal to be real gentleman. You are probably drunk on your mom's couch. Good luck on your journey "tough guy."

i love this comment...'But Obama said some longer-term questions about where the government trims its operations will have to be left until after the 2012 presidential election.'

so no politician is going to discuss cuts before the election so that they dont get zinged by that group of leechfu%ks...LOL!

wait..maybe ron paul..mr 'you got the power to go after the fed now but doesnt'...yes ron is our man! another wolf in sheeps clothing....and cut trillions...right..!!! now that is a joke since they only cut 350mil last week not 38bil.

you cant print forever or the dutch would have done it to save the TBTF tulip cds derivative bubble400 years ago so it is just a matter of time before 'we' dont have to make a decision because it will be made for us...!

Obam's 2012 campaign slogan: "No, We Can't!".
No, we can't find who were responsible for the financial crisis.
No, we can't cut spendings when economy just started to recover.
No, we can't release CO2 because of global warming.
No, we can't leave behind a citizen without health insurance.
No, we can't show you birth certificate because Hawaii lost my file.

He warned of dire consequences if the debt ceiling is not raised before it hits its limit of $14.3 trillion; the administration says the latest Congress could possibly act is by early July. But Obama said some longer-term questions about where the government trims its operations will have to be left until after the 2012 presidential election.

Biggest piece of shit ever - no one else is close. Much like all of his other unfunded mandates (i.e health care), the real costs are set to show up after 2012 so he could be re-elected. This should be a criminal offense.

The racists here are in full swing. Not the author, the idiotic readers. blunderdog, you claim that one of the the idiot commentors is giving a name to people who hate Obama on a "purely philosophical reason". Sorry, but i would like to call bullshit on that because that's what it is. Almost everyone here follows the same teabagger racist mantra of Obama hatred, i wouldn't be surprise if you were liberterians, proving you're as stupid as the conservatives and the right.

it amazes me how uninformed most of you are spewing out just plain lies and false statements. at least take the time to research what the hell your talking about. I understand the frustration with our government but god man get your facts straight!

You call bullshit. That almost everyone is a racist here and then claim that some of the people here are libertarians (people who read a lot know how to spell without spell check). You rile against people for their false statements and lack of research.

All of this is interesting. Yet I don't see any actual substance. All I see is reactionary platitudes common in those who constantly deny the reality of the situation. But you should be thanked by everyone here. You see, when you launch into these nothingburger attacks and then attach "racism" to it, you destroy the impact that that word has on everyone else in society. It no longer becomes an attack. It's no longer taboo. It's just a word used typically by someone who has no substance to their argument. It can be written off as someone saying "um" and "like" and "you know" a lot.

I do have a problem with your use of bullshit though. I really like this word. I find it be extremely effective in normal conversation and it will more often then not incite some sort of impassioned, thought-provoking, introspective exercise. But what I love about bullshit the most is that anyone who uses it should know that it's going to come back strong on them. And if they invoke bullshit and then back it up with nothing, there's a special pleasure in ensuing person who calls bullshit on the original caller of bullshit.

So to this end, try to actually contribute to the dialogue here. I would hate for bullshit to lose its meaning.

You call me out by name to lump me in with the libertarian/teabagger Obama haters? "Almost everyone" here?

Check your targets. If you think I'm a libertarian or teabagger, you haven't read my corpus.

I happen to be disturbed by the very loud and hateful contingent here myself. It's just not worth bothering with them because, in general, the loud/stupid/hateful will ALWAYS overwhelm the thoughtful and reasoned posts on the innerwebz. Lowest common denominator and all that.

The Fed is the root cause of the Great Depression and every major calamity since.

Who cares about a few bankrupt zombie TBTF banks being kept alive by Fed cash infusions since 2008? The Federal government has been a bankrupt zombie TBTF institution kept alive by Fed cash infusions since 1920.

We're in the final stages of America's destruction from endless currency printing. The rest of the world is losing faith in US FRNs now. Granted, it took 98 years to happen, but it's happening now.

It may take another year, maybe two years, maybe three years, for all faith in US FRNs to be lost. That will be the end of America.

It's not about Obama vs Bush. It's not about Democrat vs Republican. It's not about politics at all.

It's about a central bank issuing the nation's currency and printing endless amounts of it at will.

It's about transferrring wealth from the people to the bankers via endless currency printing, otherwise known as inflation.

It's about destroying the living standard of the American people by stealing all their weath via endless currency printing, otherwise known as inflation.

It's been happening slowly since 1913. The US FRN has lost 98% of it's 1913 value.

We're in the final stages now. We'll see massive currency printing from here on out. Massive inflation. Massive increases in prices of all commodities.

Forget the fucking dips. Back off and see the big picture. This is the endgame. It might be one year. Maybe two years. Maybe three years. But we're approaching the end of the road now. The end of America.

You think other nations are going to sit back and watch their trillions of US Treasuries go worthless without retaliating?

And the holders of financial assets, who actually control things, will not allow their assets, including FRNs, to become worthless. There is an end game, but it is not one that allows FRNs to turn into toilet paper. It will be one that turns us into debt slaves to serve that requirement. Or there will be revolution.

Omabma has taken the cake as the all-time liar amongst all presidents of the recent and distant past. He is spineless; he is a hypcrite. I am pleased I never beleived his BS "Change you can believe in" mantra.

At this point i wish to question the validity of the education received at any and all collegiate levels, any degrees received, at any level, from US institutions.. from my napkin math, it appears "students/graduates" have an ability to fiscally manipulate debt loads till degree is received (with a potential of not earned through academic achievement) regardless of the students performance. Evident by "national and private student lending programs" performance. I've read to understand, repayment is only around a mere 45% of the interest currently being accrued, is being paid down on these loans, further indebted nation as a whole, by way of credit rating disinformation(akin to my belief of what "fraud upon the court/perjury" is.

It is apparent, this received education has lacked a teaching in basic fiscal discipline. and further, potentially aided to this crisis by way of pushing lending akin to these failing new-age "financial products" of the past 4 decades. The fact of this loan performance(or lack of), must be recognized as to how this could have happened, as I am sure, each student had plenty of time to inspect these loan agreement prior to signing them. I must bring into question their competency. As to include all receivers of this education in question, the grads who paid bill in cash. Why have they not found this situation previously, as it has directly affected the costs for(and access to) education( i should add this, ....competent education). secondly, they had FIRST HAND EXPOSURE, with an ability to publicise these practices as this time has passed.

update: yesterday i ran an add in a community that had been identified as one of MSNBC's "crisis capitals" Elkhart, IN. I offered $22 per hr (which is more than my wife the doctor brings home) for workers willing to earn it...no experience necessary...on job training, aswell performance based pay structuring. I received ZERO REPILES,so i rescinded this offer, as i really don't need the labors, i was just trying to offer work for those that want to.

This isn't a society that encourages people to think for themselves. If you repeat conventional wisdom and common knowledge long enough and consistently enough, *most people* will internalize that message.

This doesn't mean there's something wrong with those people. It's the dominant human trait. The people who refuse to internalize consistently-pushed thought-systems are generally thought of as a pain in the ass, and marginalized, persecuted, mocked, etc. Once in a very great while, one of those assholes achieves something spectacularly great, and then the common response is to laud him for his refusal to accept predominant views.

Most of the time, though, they just live rather unfulfilled lives surrounded by people who are more willing to accept what they're told.

Welcome to the human species.

You want to blame the kids for failings common to virtually everyone? Ick.

No the reason we are in debt is because money is debt and so debt can only accumulate whilst you try to pay off the current debt.

If you grant a government authority to tax you say 20-30% you ARE entitled to the benfits this was the only reason you granted the government the authority in the first place.

The government need not go into debt it could has all the funding it could possibly need via direct taxation and the monotizing of its own bonds to create currency debt free.

When are people going to see it? Debt is created because you opened the door to the middle man (cartel of banksters) who create from nothing and loan at interest to the government thus indirectly indebting the people.

There is no need to grant these private corporations the privilege to issue the public’s credit, it is somthing you have been accustomed to all you life so you accept it as normal.

It is what you can do, not them. It cannot be repaired unless you do it yourself. We will be held acountable on how we treat the very young and the very old. Only then will your character be revealed to whom you serve. You must respect the Office only, and fight for what is important. They are not the issue, you are. Plan as such for the safety and security or be found a fool. Remember that it was never about you in the good times so find those only who care about our future now. They cannot and math is a language.

Interesting part of a story most people seem to have missed amazing how he knows this but does the opposite..

""I had the emir of Qatar come by the Oval Office today," Obama said. "Pretty influential guy. He is a big booster, big promoter of democracy all throughout the Middle East. Reform, reform, reform. ... Now he himself is not reforming significantly. There's no big move toward democracy in Qatar. But you know part of the reason is that the per capita income of Qatar is $145,000 a year. That will dampen a lot of conflict.

"I make this point only because if there is opportunity, if people feel their lives can get better, then a lot of these problems get solved."

It looks that "Resession Fear" which governments use against people is a trial to put us from foots on the head,facts is:Resession of the 2008 had bring Gold to 680,Silver to 10$,Oil to 35$ and apparts which costed 500k$ into 170k$ price no buyers,it also brought the Lehman Brothers and Bear Sterns into collapse with the FED and Goldy Saches help to usurpate the power of the controlling futures,as mentioned Bear and LEhman was 2and 3places trading commodities,so bringing them into floor was meaning taking from them the control.What do we have now on front of those rejected "Fears" of the Depression,Resession"?We already have:125$ oil(113$),we have 1478$ Gold,43$ Silver,the houses plunged from 2008 till now from 500k$ into 170k$ no buyers into 150k$ no buyers or even 100-130k$ no buyers and tripled cotton,food-everything you use.And what are gonna mr.Obama to tel us,what kind ofears he try to sent to us now when we have "No fear" because we do not know what we gonna to do tomorrow with such prices other that to crash the White House or similar to Orange Revolution or just Blocada of their "unvisible inflation"!The inflation is killing all countries world around:the producers selling goods into weak dollars meeting high expences on domestic level becoming bankrupted,do you know that change into currency by more that 15% kills the exporter?Their margins mostly at 20-40% range at best and move by 10-15-20% against is killing whole industry!All this FED and USA Government knows and hoping that instead those countries will rush to buy their goods priced in dollars?How stupid their as on domestic level Americans can not wonder no one with their products,also many of it made in chine and people preffer to pay more for German made instead to buy american made in China.This is a costly experiments and cariera costly things,but as it said in russian those guys going "Va Bank" or "put all on this cone of the game" and as you freequently know-they will loose,so,its time ticking bomb which explosion will be much stronger that Fukushima wave.America would be abendon by many nations for those tricks and no one will be care if its Obama,Bush or ever crocks failure ,specifically FED,this nation will carry burden of the panishment by untrust by other natioons and betrailing to all world population by absolutly inactive for changes citizens."Dont' cry for me Argentina" song will be replayed as "Don't cry for me America" meaning that many people world around will just once together buycott americans products and goods-also nothing from food should be bought as its all genetically modified and its better to by own genetically modified food so at least you know to whom complain!What is left then?Dollars which degradeted by the group of FED and Government crying about "Strong Dollar " policy in front of the World?Who they thinks they are???Liars who thinking they are smart leaders?This includes all current powers at stake-all of you are liars,because no one of you excluding very few who had hold into not expending credit bubles and all of you who had see solution of your own problems and failures to made for our accounts!!!Damn you,Short You ,Get out from your positions as you failed and there is no trust to you ever!Liars!And whats left for you people?Pray,Pray and Pray-before you have to lose freedom to pray!

Obama calling us into fear of Depression/Resession to happend and asking for more money for those who had cost it to happend,generally he asking money to let them able to continue to make distruction of our world and people wealth,everyone know knows Who is Who and no one could be brain washed for second time excluding americans,they are the nations making such leaders that World have to suffer,but they are still happy and inactive to do any changes.Pitty for you,then we World citizens will do our changes to your inturnal dollarised system from our point of view,dont' cry for US America!Ignore american products and let World into Depression,we have nothing to loose,but we can benefit something as other will becoming like us-more landed to earth and poorer as result of landing from their flying baloons of the FED pump gas station!

we feel privileged as the fragile link to life is so precious in more ways than one. But the same position experienced with a dour sailor's chord as living thread feels like insult being added to injury... there lies man's illusion of freedom. If we die grasping for gold we feel life was exciting while it lasted. If we die retching from cold we feel cheated before and after...to the same extent, double whammied.car loans

same position experienced with a dour sailor's chord as living thread feels like insult being added to injury... there lies man's illusion of freedom. If we die grasping for gold we feel life was exciting while it lasted. If we die retching from cold we feel cheated before and after...to the same extent, double whammied.cheapest car insurance

The normal guy/gal is scorned here but for what?? Not understanding the effect of Fukishima on the Llama prices in Zimbabwe?? If no one here can agree on anything how does a non-math or non-economic person have a hope of understanding.Spider Mite Spray

It's given me a lot to think about as reviews editor moving forward. It seems everyone has different thoughts on what a review should do and what the role of a reviewer is, and it's enlightening to read your thoughts. Thanks everyone.rattan patio furniture